Typhoon Set to Halt Hong Kong Stock Trading Monday Morning
- City issues third-highest storm warning, black rainstorm alert
- Typhoon Koinu moving slowly toward China’s Hainan Island
Typhoon Koinu heads towards Hong Kong on Oct. 7.
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Hong Kong issued its third-highest storm alert for Typhoon Koinu and expects to leave it in place until at least 11 a.m. Monday, a move that would halt morning trading on the city’s $4.8 trillion stock market.
The Hong Kong Observatory issued the No. 8 storm alert at 11:50 p.m. on Sunday, after earlier raising the No. 9 signal. At 4 a.m., it issued a black rainstorm warning — the highest — as Koinu brought torrential rain to the city.